NEXTRADE (NXT), Korea's first alternative trading system (ATS), which marks the first anniversary of its opening, emphasized that it will continue to lead changes in the capital market and provide better services to investors.
On the 4th, Kim Hak-su, head of NEXTRADE (NXT), said, "NEXTRADE, buoyed by stock market growth driven by the government's capital market revitalization policy, achieved an annual trading volume of 47.3 billion shares and a trading value of 2.338 quadrillion won over the past year," adding, "It has taken root as a successful market, accounting for 12% of Korea's stock market trading volume and 29% of trading value."
NEXTRADE (NXT) said that since its launch in March last year, it has delivered effects such as ▲ providing additional transaction opportunities through the pre- and after-market ▲ reducing stock investor transaction expenses ▲ expanding investor choice by introducing competition into the stock market structure ▲ and increasing liquidity in the Korean stock market.
In particular, the average daily trading value in the pre- and after-market grew more than eightfold, from about 1.1 trillion won at the outset to around 8.9 trillion won. As of last month, NEXTRADE (NXT) had an average of 2.42 million participating accounts per day, of which the pre- and after-market participating accounts were 840,000 (35%) and 660,000 (28%), respectively.
In terms of transaction expense, it moved away from a uniform fee structure by introducing differentiated maker and taker quote fees and set fee rates that are on average 30% cheaper than the Korea Exchange (KRX). Over one year, this produced a reduction of investor transaction expenses totaling 29.85 billion won.
Participating securities firms increased from 19 in March last year to 32 as of last month. This corresponds to 89% of domestic securities firms (36) participating in the Korea Exchange (KRX) market.
NEXTRADE (NXT) noted that the investor mix, which was initially concentrated among retail investors, is gradually diversifying. As of last month, retail investors accounted for 84.5%, while foreign investors maintained around 13%. Institutional investors made up 2.4%.
NEXTRADE (NXT) plans to firmly establish operational stability as a trading platform while developing differentiated services. It also plans to include exchange-traded funds (ETFs), fractional investing, and security token offerings (STOs) as trading targets to raise it to the level of global ATSs. The company aims to open ETF and fractional investing trading markets in the fourth quarter of this year.
Kim Hak-su said, "We plan to continue to put forward opinions on rationalizing ATS-related regulations," adding, "NEXTRADE (NXT) will join the process of expanding global investment into Korea's capital market and normalizing Korea's capital market."